MIRA
INFORM REPORT
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Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
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Name : |
OMKARA OVERSEAS |
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Registered
Office : |
81/55, Ramesh Nagar, |
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Country : |
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Date of
Incorporation : |
04.04.2011 |
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Com. Reg. No.: |
05010893513 |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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IEC No.: |
0511019939 |
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TIN No.: |
05010893513 |
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PAN No.: [Permanent Account No.] |
AACF06096Q |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
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Manufacturer and Trader of packaging items like Polywires, Adhesive
tapes |
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No. of Employees
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9 (Approximately) (In Office :
2 and In factory : 7) |
RATING and COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new partnership concern and yet to complete its one full
year of operation. The concern has started its commercial business activities
recently in august,2011. Business is active. Payments terms are unknown. The concern can be considered for business dealing on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Accounts |
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Contact No.: |
91-9811150869 |
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Date : |
10.08.2011 |
LOCATIONS
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Registered Office / Head Office : |
81/55, Ramesh Nagar, |
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Tel. No.: |
91-11-25166060 / 25166061 / 25166161 / 25163516 / 25195770 |
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Mobile No.: |
91-9927050559 (Mr. S.K. Shethi) / 91-9811050559 (Mr. Rajesh Bajaj) /
91-9811150869 (Mr. Rakesh Kumar) |
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Fax No.: |
91-11-47504411 / 25450559 |
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E-Mail : |
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Website : |
www.bajajplasto.com / www.bajajplasto.net / www.bajajplasto.co.in
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Area : |
400 Sq. Ft. |
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Location : |
Owned |
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Factory : |
Plot No.33 and 34, Mini Industrial Estate, Kishanpur, Kitcha, District
Udham Singh Nagar, Rudrapur – 263153, |
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Tel. No.: |
91-1276-268660 |
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Mobile No. : |
91-9811050559 (Mr. Rajesh Bajaj) |
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E-Mail : |
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Area : |
3824 Sq. Ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Rajesh Bajaj |
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Designation : |
Partner |
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Address : |
G-51, Kirti Nagar, |
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Date of Birth/Age : |
22-06-1966 |
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Qualification : |
Graduate |
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Experience : |
25 Years |
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Name : |
Mr. S.K. Sethi |
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Designation : |
Partner |
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Address : |
WZ-123, Om Vihar, Phase - I, New Delhi-110059, |
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Date of Birth/Age : |
15-09-1957 |
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Qualification : |
Graduate |
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Experience : |
23 Years |
KEY EXECUTIVES
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Name : |
Mr. Rakesh Kumar |
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Designation : |
Accounts |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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Percentage of
Holding |
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Mr. Rajesh Bajaj, G-51, Kirti Nagar, |
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90% |
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Mr. S.K. Sethi, WZ-123, |
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10% |
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Total |
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100% |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Trader of packaging items like Polywires, Adhesive
tapes |
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Products : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
L/C and Credit (30 Days) |
PRODUCTION STATUS
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Particulars |
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Installed
Capacity |
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Plain / Printed Plastic / Shrink Tube, Sheet, Bags and Pouches |
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5000 MT per day |
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BOPP Self Adhesive Printed / Plain Tapes |
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100 Cartoon per day |
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Vinyl / PVC Bags |
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5000 pcs per day |
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Plain and Printed Non Wooven and Other Fabrics Bags |
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10000 pcs per day |
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All Kinds of Paper Products |
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100000 Sheet of 20”x 30” per day |
GENERAL INFORMATION
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Customers : |
Industrial Use |
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No. of Employees : |
9 (Approximately) (In Office :
2 and In factory : 7) |
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Bankers : |
State Bank of |
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Facilities : |
Term Loan Rs.6.500 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
SHPH AND ASSOCIATES Chartered Accountant |
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Address : |
N-44, G.F., Kirti Nagar, |
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Mobile No.: |
91-9811194556 |
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E-Mail : |
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Associates/Subsidiaries : |
Address : Unit I : 1943-1944, M.I.E., Bahadurgarh, Haryana Unit II : B-21 (IIA), Unit III : 8/55, Ramesh Nagar, New Delhi-110015 Line of Business : Manufacturer
Address : 8/55, Ramesh Nagar, New Delhi-110015 Line of Business : Manufacturer Email Id : info@bajajplasto.com
Address : 8/55, Ramesh Nagar, New Delhi-110015 Line of Business : Manufacturer |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.1.000 Million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs.1.000 Million
(Estimated) |
FINANCIAL DATA
[all figures are
in Rupees Millions]
New Company
Work has started from this month that is 1st August, 2011.
Expected Sales ( 2011-2012 ) : Rs.40.000 Millions.
The above information has been parted by Mr. Rakesh Kumar.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES :
- ITC Limited,
- Britannia
Industries Ltd, Rudrapur (Ms. Mukta K)
- Parle
Biscuits Pvt Ltd, Rudrapur (Mr. V.P.S. Chauhan)
- HCL Limited,
Rudrapur (Mr. Sanjay Lakhera)
NOTE :
After possessing a rich experience of 25 yrs in the trade of
Manufacturing of Plain / Printed Plastic / Shrink Tube, Sheet, Bags and
Pouches, BOPP Self Adhesive Printed / Plain Tapes, Vinyl / PVC Bags, Plain and
Printed Non Wooven and Other Fabrics Bags, All Kinds of Paper Products etc by
Shri. Rajesh Bajaj as proprietor of
M/s Bajaj Printers and Packers. He
along with Shri. S.K. Sethi started
M/s Omkara Overseas on 04.04.2011 start the same activity at
Rudrapur to cater the Uttrakhand province.
After installation of machinery commercial production is proposed to
comments in the end of Aug-2011.
CMT REPORT (Corruption, Money Laundering and Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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1 |
Rs.73.51 |
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Euro |
1 |
Rs.64.76 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial and operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.